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MYANMAR: Online Import and Export Licence Approval Introduced to Curb Corruption

Applications for import and export licences are now to be submitted and approved online. This move is intended to both boost foreign trade and curb corruption.[1] The new system will commence for a three to six-month trial period from 7 June and will initially cover some 50 of the 4,000 or so commodities subject to approval for import and export by the Ministry of Commerce. The primary focus during this period will be agricultural products, construction materials and consumer goods.

Companies looking to secure such licences can apply and pay the required fees via Myanmar’s foreign trade portal. The licences should, apparently, be approved and issued within ten minutes.

While the scheme is designed to eventually extend to both shipping and border trade, online licences will initially only be issued with regard to the movement of goods through the Myawaddy and Muse border crossings. These are, respectively, on the country’s borders with Thailand and China.


[1]  Myanmar Ministry of Commerce official website

 

Content provided by Picture: HKTDC Research
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